Cathie Wood's ARK Invest Buys $21.9M in Tesla (TSLA) Shares, Reaffirms Bullish Outlook

Cathie Wood's ARK Invest funds purchased 54,815 shares of Tesla (TSLA) on Thursday, June 18, 2026, valued at approximately $21.9 million based on the day's closing price of $400.49. This move follows ARK's partial sale of TSLA shares last week, widely interpreted as a strategy to free up capital for an investment in Elon Musk's SpaceX (SPCX) IPO. Tesla remains ARK Innovation ETF (ARKK) top holding at 9.7% and ARK Next Generation Internet ETF (ARKW) second-largest at 8.6%. ARK projects TSLA shares to reach $2,600 by 2029, driven by robotaxi, robotics, and energy storage. The firm also holds approximately 3.29 million SpaceX shares as of June 12, 2026, betting on its AI infrastructure potential despite recent SPACX stock volatility.